409 S 7th Avenue, Iowa City, IA 52245
Local realty services provided by:CENTURY 21 Signature Real Estate
Listed by: mike graf-graf home selling team
Office: graf real estate, era powered
MLS#:2602376
Source:IA_CRAAR
Price summary
- Price:$299,950
- Price per sq. ft.:$261.74
About this home
Welcome to this charming and well-located property in the heart of Iowa City right on a corner lot! This split-level home offers a unique investment or owner-occupant opportunity, currently split into two rentable units. A 2-bedroom 1-bathroom unit is located on the upper level. There is a one-bedroom/studio unit layout in the lower level. A one stall attached garage provides easy access to the lower-level unit, while the front door will easily take you to the upper unit. Each level has their own in-unit laundry and appliances. There is an additional one-stall garage that can be used as a workshop or storage unit, conveniently located on the neighboring lot with plenty of room for driveway parking and even gardening or entertaining with a spacious and manageable yard. Each unit is currently tenant occupied on a month-to-month lease, making this an excellent opportunity to expand your investment portfolio while making instant cash flow. This home can also easily be converted back into a home for owner occupancy. You could even live in one unit while renting out the other, making this versatile property full of potential!
Just minutes from downtown, parks, and the University of Iowa, the location provides strong rental appeal with easy access to shopping, dining, and entertainment. Each unit offers comfortable living spaces, functional layouts, and great natural light, making it ideal for tenants or multi-generational living....
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Home facts
- Year built:1992
- Listing ID #:2602376
- Added:114 day(s) ago
- Updated:July 30, 2026 at 04:04 PM
Rooms and interior
- Basement:Yes
- Basement Description:Full
- Living area:1,146 sq. ft.
Heating and cooling
- Heating:Gas
- Central air:Yes
Structure and exterior
- Year built:1992
- Building area:1,146 sq. ft.
- Lot area:0.02 Acres
- Construction Materials:Frame
- Exterior Features:Deck, Patio
Schools
- High school:City
- Middle school:Southeast
- Elementary school:Longfellow
Utilities
- Water:Public
Finances and disclosures
- Price:$299,950
- Price per sq. ft.:$261.74
- Tax amount:$4,680
Features and amenities
- Amenities:Storage
Parking
- Total parking spaces:3
- Garage:Yes
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